Esi Holdings, Inc. 401(k) Review & Grade
Esi Holdings, Inc. 401(k) Plan
Meridian, IDConstruction1,047 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,042Employer $ per active participant
$5,315Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$47.1MNet plan assets, end of year
$41,016Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 16th |
| Employee saving | 69th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($15,690 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Esi Holdings put in about $3,042 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.62% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,185,418 |
| Participant (employee) contributions | $5,564,560 |
| Other contributions (incl. rollovers in) | $1,786,398 |
| Administrative expenses paid from the plan | $258,525 |
| Contract administrator fees | $44,982 |
| Investment advisory & management fees | $91,102 |
| Benefits paid out | $5,517,330 |
| Net assets, start / end of year | $36.3M / $47.1M |
| Active participants, start / end of year | 982 / 1,112 |
| Participants with account balances | 1,148 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sorren Cpas P.C. |
Largest service providers (Schedule C)
| Edward D. Jones & Co. | $75,151 reported compensation |
| Benefits2 Administrators LLC | $44,982 reported compensation |
| John Hancock Life Insurance Co. | $33,353 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013175757NAL0002546960001, received 2025-10-13, EIN 86-1432724, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.